Paresh Panchal

Subject Matter Expert - Cash Application : Jul 2025 - Present | Asia, Africa, Middle East, Indian
Subcontinent
 Led automation initiatives for cash application across 20+ SAP entities, achieving 99% auto-posting rate
and processing 60, 000+ incoming payments and 100, 000+ invoices annually.
 Implemented VBA tools and SAP GUI scripts to reduce manual workload;
 Conducting UAT, KPI reviews, and root cause analysis with regional teams.
 Managed AutoBank setup/configuration, collaborated with IT to resolve technical issues, and trained end
users.
 Major Projects:
o Payment Automation & Electronic Bank Statement (Host-to-Host Connectivity)
o Implementation of KPI dashboards for AR activities (cash application, rebates)
o SAP integration and enhancement projects for AR functions
Subject Matter Expert - Rebates : Jun 2023 - Jun 2025 | Asia, Africa, Middle East, Indian Subcontinent
 Oversaw 400+ customer rebate agreements, 10+ agent commission contracts, and 500+ customer
claims annually, ensuring compliance and timely settlements.
 Automated rebate accrual reconciliations via Celonis dashboards, managed exceptions through Fiori, and
ensured SOX compliance with timely control sign-offs.
 Contributed to global rebate projects: developed guidelines, RACI matrices and simplification documents;
supported archival object sign-offs.
 Major Projects:
o BOT implementation for accounting journal entries
o Global rebate process simplification with intercompany recharges
Accounts Receivable Operations : Jan 2020 - May 2023 | Dubai
 Managed AR, cash application, customer collections posting, and audit support for multi-country
operations.
 Performed bank reconciliations, customer ledger reconciliations, and resolved billing exceptions;
improved inbound GST invoice process and billing KPIs.
 Major Projects:
o SAP new entity setup for Saudi Arabia, Malaysia, Vietnam, and India
o E-Billing implementation and AR process enhancements
Account Assistant
LyondellBasell (LYB) | Oct 2017 - Dec 2019 | India
 Managed Accounts Payable, cash management, and supported plant operations; improved invoice
accuracy and vendor payment timeliness.
Contact Assistant
BPIPL | Feb 2015 - Sep 2017
 Handled Accounts Payable and Accounts Receivable, ensuring accurate postings and reconciliations.
Key Responsibilities & Leadership Highlights
 Safety & DEI: Actively participated in safety drills and site walks; served as Treasurer Chair and Secretary
Chair for global DEI initiatives.
 Cash Application & Autobank: Managed end-to-end cash application; analyzed top customer hit rates;
optimized Autobank rules for KPI performance.
 Invoicing & Billing: Ensured accurate invoicing, inter-company reconciliations, export bill settlements, and
compliance with legal requirements.
 Customer Rebates & Agent Commissions: Led rebate and commission processes; collaborated with Sales
and Business teams to simplify workflows.
 Credit Management: Prepared overdue and AR aging reports; streamlined AR-Credit alignment; liaised with
customers for audits and reconciliations.
 General Accounting: Managed month-end close, BRS, intercompany transactions, and RPA initiatives.
 Leadership: Mentored junior staff, supported tax/audit teams, and led global SAP implementation projects
for AR activities.
Selected Achievements
 Achieved 99%+ auto-posting rate through automation across 20+ SAP entities for accounts receivables.
 Delivered KPI dashboards for AR activities, improving visibility and performance tracking.
 Managed high-volume AR operations: 60k+ payments and 100k+ invoices annually.
 Led SAP entity setup for Saudi Arabia, Malaysia, Vietnam, and India.
 Automated rebate accrual reconciliations and improved compliance via Celonis and Fiori.

• Prepare entries and subsidiary accounts; prepares monthly financial statements, including distributing
monthly revenue and expenditure reports
• Supervising the workers, looking after their salary accounts, leaves and bonus
• Calculate and prepare reimbursement billings and tracks receivables; reconcile monthly accounts
receivable

• Preparing, finalizing and auditing of all Books of Accounts for Individual and partnership firms
• Preparing and filing of TDS Certificates & TDS Return
• Assistances to Compliance team, Legal and Contracts Team. Handling cases to appellant authorities in Income Tax
and other statutory authorities
• Assistances in preparing and checking of Advance IT Payment & Return & IT Audit
• Checking of MVAT Payment, MVAT Return & MVAT Audit. Also handling VAT scrutiny independently
• Specialist & Expert in Indirect Tax (Sales Tax)